BKM Capital Partners (BKM), a leading institutional fund manager, has recently purchased Tigard Business Park in the highly desirable city of Tigard, OR. This acquisition marks BKM’s tenth investment in the Portland Metro Area and was completed for a total of $50.7 million.
Tigard Business Park is situated on over 20 acres and consists of eight buildings with 33 units ranging from 4,700 to 15,000 square feet each. The property boasts an impressive occupancy rate of 97% with an average lease term of 3.7 years.
According to Brett Turner, Senior Managing Director for Acquisitions and Dispositions at BKM Capital Partners: “Our dedicated property management and leasing teams have played a crucial role in enhancing the performance of Tigard Business Park by taking advantage of the strong growth within this market.”
The multi-tenant industrial park has undergone significant cosmetic upgrades including new paint schemes, updated signage, improved landscaping as well as upgraded roofing systems HVAC systems and parking facilities. Its strategic location at11844 SW Pacific Hwy provides easy access to major roadways.
This latest purchase further solidifies BKM’s position as oneofthe top playersinthe commercial real estate industryand highlights their commitmentto providing high-quality investmentsin prime locations across the country.The news was first reported by Connect CRE .
